MAX PETROLEUM PLC (United Kingdom) announces starting drilling exploration well UTS-5 in prospective structure Uytas North

/KASE, May 24, 13/ – MAX PETROLEUM PLC (London), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of May 24, 2013: quote Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the UTS- 5 exploration well in the Uytas North prospect on Block A using Zhanros Drilling’s ZJ-20 rig. The Uytas North prospect is a four-way anticline, targeting Triassic resource potential of 11 million barrels of oil with a geological chance of success of 24%. Total vertical depth of the well will be approximately 840 metres. After completing the UTS-5 well it is planned that the ZJ-20 rig will proceed to drill the UTS-8 well in the Uytas Field, which, if successful, will extend the Western limits of the Uytas Field. Enquiries: Max Petroleum Plc Michael Young President and Chief Financial Officer Tom Randell Director of Investor Relations Tel: +44 (0)207 355 9590 College Hill David Simonson/ Anca Spiridon Tel: +44 (0)207 457 2020 WH Ireland Ltd Daniel Bate / Katy Mitchell Tel: +44 (0)161 832 2174 Macquarie Capital Steve Baldwin/ Nicholas Harland Tel: +44 (0)203 037 2000 Oriel Securities Michael Shaw / Ashton Clanfield Tel: +44 (0)207 710 7600 unquote [2013-05-24]